Northland Capmk Weighs in on Bel Fuse Inc.’s Q3 2024 Earnings (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFB) – Research analysts at Northland Capmk reduced their Q3 2024 earnings per share estimates for Bel Fuse in a report released on Tuesday, July 30th. Northland Capmk analyst B. Brooks now expects that the electronics maker will post earnings of $1.04 per share for the quarter, down from their previous forecast of $1.15. The consensus estimate for Bel Fuse’s current full-year earnings is $4.43 per share. Northland Capmk also issued estimates for Bel Fuse’s FY2024 earnings at $4.72 EPS, Q1 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.31 EPS and FY2025 earnings at $4.98 EPS.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC upped their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Securities raised their price target on Bel Fuse from $63.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday.

Bel Fuse Stock Performance

Bel Fuse stock opened at $69.23 on Wednesday. The stock has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $63.59. The stock has a market capitalization of $873.68 million, a price-to-earnings ratio of 11.65 and a beta of 1.41. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse has a 12-month low of $39.13 and a 12-month high of $76.09.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same quarter in the prior year, the firm earned $1.95 EPS.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Bel Fuse by 4.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock worth $314,000 after acquiring an additional 200 shares during the period. Beach Investment Counsel Inc. PA bought a new position in Bel Fuse during the second quarter worth $25,000. Comerica Bank increased its holdings in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Bel Fuse by 1.1% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock valued at $3,693,000 after purchasing an additional 619 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in shares of Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.